Davis bets on Ethereum ultimately reaching a mind-blowing $10,000 price tag. To achieve that price milestone, Ethereum would have to showcase a whopping 321.52% from its current price level – $2,370.
Besides, top 10 exchange wallets continue to move Ethereum, according to an earlier tweet published by Santiment as they are withdrawing their ETH into smaller blockchain addresses from centralized crypto exchanges or are moving Ethereum away from CEXs entirely. About two weeks ago, a massive 240,000 ETH was transferred from exchanges. This massive amount of ETH is evaluated at an impressive $569,347,200 at the time of this writing.
However, it was not the only Ethereum transfer made by Novogratz’s company recently. Blockchain sleuth @OnchainDataNerd stated that until that day, Galaxy Digital had deposited 31,437 ETH in total to various cryptocurrency exchanges.
Mike Novogratz himself is an early Ethereum investor. In one of his interviews, Novogratz stated that he had bought 500,000 ETH from Vitalik Buterin right after the ICO, before Ether began trading on exchanges and was worth less than $1. He was the first even Wall Street buyer of Ethereum back then.
This article was originally published on U.Today
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